Settings8H · net · $10k
Funding arb · Price arb /

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h +0.041%
Price spread now: Hyperliquid against Extended+0.031%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.250% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.048%+$5 on $10k
Price spread, last 7 days−0.051%−$5 · spread now +0.031%, 7d avg +0.039%
Together, before fees−0.003%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD92.8370.0104pay 0.0013% / 1h56m 19s$18.2M$43.3M50x
ShortHyperliquid HYPE92.8660.0100get 0.0013% / 1h56m 19s$2.02B$658.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.84
Price spread: +0.031% → +0.039%
−$0.77
Slippage, 4 orders
−$10.99
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$26.6
Costs to cover
0.250%
Break-even
never at this rate
Slippage from Extended: live order book, 3 min ago; Hyperliquid: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 3 min ago0.05 bp2.6 bp −$35.4 bp −$5425.3 bp −$2,527doesn't fit
Sell Hyperliquid live order book, 8 min ago2.64 bp7.1 bp −$7doesn't fitdoesn't fitdoesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD−0.0948%1h92.670−0.180%$1.2M$3.8M10xas long as short
Hibachi HYPE/USDT-P−0.0816%1h92.530−0.331%$194K$227K7xas long as short
01 Exchange HYPEUSD−0.0144%1h92.827−0.011%$86K$351K20xas long as short
Bullet HYPE-USD−0.0107%1h92.847+0.011%$111K$579K20xas long as short
Aftermath Perps HYPEUSD−0.0086%1h92.709−0.138%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.725−0.121%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0076%1h92.340−0.535%$699K$1.1M10xas long as short
Orderly PERP_HYPE_USDC−0.0061%4h92.829−0.009%$158K$663K20xas long as short
Aster HYPEUSDT−0.0004%4h92.729−0.117%$8.7M$36.2M300xas long as short
dYdX HYPE-USD0.0000%1h92.710−0.137%$127K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m92.874+0.039%$23K$309K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.876+0.041%$62K150xas long as short
Derive HYPE-PERP+0.0017%1h92.809−0.030%$16.1M$7.5M10xas long as short
Phemex HYPEUSDT+0.0018%8h92.838+0.001%$12.5M$2.7M50xas long as short
Phoenix HYPE+0.0026%1h92.584−0.273%$210K$1.2M10xas long as short
BingX HYPE-USDT+0.0030%4h92.853+0.017%$53.2Mas long as short
Bybit HYPEUSDT+0.0038%8h92.850+0.014%$318.7M$278.9M75xas long as short
Gate HYPE_USDT+0.0048%4h92.854+0.018%$44.6M$54.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0072%8h92.864+0.029%$113.4M$301.3M50xas long as short
Binance HYPEUSDT+0.0078%4h92.849+0.013%$373.4M$891.6M75xas long as short
MEXC HYPE_USDT+0.0080%4h92.872+0.038%$87.9M$80.1M100xas long as short
Paradex HYPE-USD-PERP+0.0093%8h92.795−0.045%$339K$163K20xas long as short
Lighter HYPE+0.0096%1h92.736−0.109%$16.1M$61.9M20xas long as short
Lighter RH HYPE+0.0096%1h92.726−0.120%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.802−0.038%$68K$1.2M50xas long as short
edgeX HYPEUSDC+0.0098%4h92.541−0.319%$5.1M$29.2M30xas long as short
Katana Perps HYPE-USD+0.0100%8h92.770−0.072%$16K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h92.775−0.066%$5.8M$43.1M10xas long as short
Hyperliquid HYPEshort+0.0100%1h92.866+0.031%$2.02B$658.9M10x
Pacifica HYPE+0.0100%1h92.763−0.080%$10.0M$14.9M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.867+0.032%$46.0M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.854+0.018%$224.7M$97.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.626−0.227%$7.4M$10.0M20xas long as short
Variational Omni HYPE+0.0100%8h92.526−0.335%$28.6M$56.6Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.627−0.226%$7.5M$45.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.550−0.309%$336K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.567−0.291%$664K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h92.823−0.016%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.866+0.031%$469K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h92.897+0.065%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.851+0.015%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.000+0.175%$1.4M$6.2M75xas long as short
Bulk HYPE-USD+0.0100%1h92.810−0.029%$202K$13K10xas long as short
Extended HYPE-USDlong+0.0104%1h92.837long leg$18.2M$43.3M50x
Aevo HYPE-PERP+0.0104%1h92.853+0.017%$393K$164K20xas long as short
Injective HYPE/USDC PERP+0.0150%1h92.340−0.535%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.960+0.132%$4.7M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0260%1h92.856+0.020%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0264%8h92.564−0.294%$1.8M$5.4M2.3xas long as short
BloFin HYPE-USDT+0.0321%4h92.530−0.331%$16.8M$11.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0153%1h92.876+0.042%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0331%1h92.936+0.106%$20.7M$30.3M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0428%1h92.955+0.127%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0687%1h92.864+0.029%$3.2M$6.4M20xas long as short
Bluefin HYPE-PERP+0.4965%1h92.839+0.002%$79K$169K20xas long as short